Danny Walkinshaw looks at the latest insurance stories online
Despite the frosty weather, things are hotting up in insurance. Breaking stories – including the £5.25m fine levied on broker Aon by the FSA – have sent online traffic sky-rocketing in the first few weeks of the year.
The fine received widespread coverage at insurancetimes.co.uk and elsewhere. Times Online reported that firms could expect “more of the same” this year with the regulator signalling a crackdown on corruption.
Royal Bank of Scotland Insurance was also in the spotlight. Patrick Snowball, the former Norwich Union chief executive, was again linked with a private equity-backed bid for the insurer’s assets. The Telegraph website said Snowball would be made chairman if the bid was successful.
Elsewhere, Lockton and Oval made headlines, while events at Lloyd’s trickled into newswires.
In the USA, speculation is still rife over the sale of AIG’s assets. USAToday.com reported that the troubled insurer remains eager to find a buyer for its aircraft leasing unit, ILFC.
This week’s “My favourites” are submitted by Mike Crane, head of commercial insurance for ABC Insurance. Visit the latest issue page at insurancetimes.co.uk every Wednesday to see this feature.
And if you like “My favourites”, why not contribute to a new online feature “Five things you didn’t know about ...” Got a hidden talent? What do you get up to in your spare time? This could be your chance to tell the world. Or why not write a blog? I look forward to hearing from you.
FSA fines Aon £5.25m
- Largest financial crime related fine imposed by regulator
RBS rumours Snowball again
- Ex NU Boss to be chairman with Sullivan remaining CEO
Lockton gets £15m cash boost
- Broker handed fresh capital by US parent company
Oval acquires high net worth financial specialist
- Deal boosts brokers' financial services division
'Capacity will depend on cycle' says Lloyd's Tolle
- Franchise director Rolf Tolle outlines capacity prospects for 2009
My Favourites - Mike Crane
Great for a daily read on what is happening in the insurance industry. The breaking news top five offers a good synopsis of the latest news
The place to go if you want an unbiased five minute update on what is happening at home and across the UK.
The gateway to the online world!
This is a brilliant website for my kids, Harry (who is five) and Sophie (who is two) so inevitably our home PC seems to be on it quite a lot.
I would say the reason I use is because it is a great place to sell unwanted items but I seem to buy lots more than I sell so not quite sure where I am going wrong!
Mike Crane is commercial director, LV= Broker.